Government mulls cutting subsidy by half for rooftop solar projects

With limited funds at disposal and price of solar panels going down, the government has proposed to reduce the subsidy on rooftop projects by half, Parliament was informed today. The power minister Mr. Piyush Goyal had said in a written reply in Rajya Sabha that, the ministry has proposed to reduce the subsidy on rooftop solar power plants to 15 % from the present level of 30 % due to decline in the price of solar panels and limited availability of funds among other things.